MillerKnoll, Inc. (MLKN) exec converts RSUs; shares withheld for obligations
Rhea-AI Filing Summary
MillerKnoll, Inc. executive Michael John P reported the vesting and conversion of 16,415 restricted stock units into common stock on July 22, 2026. Each restricted stock unit represents a contingent right to receive one share of common stock and vests in three equal annual installments each July 22. In connection with these awards, 2,815.428 and 4,716.230 common shares were disposed of at $21.8950 per share to satisfy obligations related to the transactions, while footnotes note that derivative holdings include dividend equivalent units covered by a Rule 16b-2 exemption.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 8,883.342 shares
Net Buy
6 txns
Insider
Michael John P
Role
President North America Contra
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 5,994 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F3 | 10,421 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 5,994 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 10,421 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,815.428 | $21.895 | $62K |
| Exercise Price or Tax Liability | Common Stock | 4,716.23 | $21.895 | $103K |
Holdings After Transaction:
Restricted Stock Units — 77,387 shares (Direct);
Common Stock — 59,914.5584 shares (Direct)
Footnotes (3)
- F1. The Number of Derivative Securities Beneficially Owned Following Reported Transaction reflected in Table I of this form includes dividend equivalent units reinvested in the corresponding vesting RSUs, which satisfies the exemption of Rule 16b-2.
- F2. Each restricted stock unit represents a contingent right to receive one share of MLKN common stock.
- F3. The restricted stock units vest in three equal annual installments. Vesting for each tranche occurs on July 22nd of each respective year.
Key Figures
RSUs converted to common stock: 16,415 shares
First RSU tranche converted: 5,994 shares
Second RSU tranche converted: 10,421 shares
+4 more
7 metrics
RSUs converted to common stock
16,415 shares
Total restricted stock units exercised or converted on 2026-07-22
First RSU tranche converted
5,994 shares
Restricted stock units converting into common stock on 2026-07-22
Second RSU tranche converted
10,421 shares
Restricted stock units converting into common stock on 2026-07-22
First code F disposition
2,815.4280 shares
Common shares delivered or withheld at $21.8950 per share
Second code F disposition
4,716.2300 shares
Common shares delivered or withheld at $21.8950 per share
Code F transaction price
$21.8950 per share
Price applied to common stock dispositions on 2026-07-22
Shares for exercise price or tax liability
7,531.657999999999 shares
Total common shares delivered or withheld in code F transactions
Key Terms
Restricted Stock Units, dividend equivalent units, Rule 16b-2, contingent right
4 terms
Restricted Stock Units financial
"Transactions in "Restricted Stock Units" that convert into common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent units financial
"includes dividend equivalent units reinvested in the corresponding vesting RSUs"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
Rule 16b-2 regulatory
"which satisfies the exemption of Rule 16b-2"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity transactions did Michael John P report for MillerKnoll (MLKN) on July 22, 2026?
Michael John P reported the vesting and conversion of 16,415 restricted stock units into MillerKnoll common stock. Related to these awards, 2,815.428 and 4,716.230 common shares were disposed of at $21.8950 per share to satisfy award-related obligations.
How many MillerKnoll (MLKN) restricted stock units did Michael John P convert to common stock?
He converted a total of 16,415 restricted stock units into MillerKnoll common shares. This reflects two tranches of 5,994 and 10,421 units, which were exercised or converted into an equal number of common shares on July 22, 2026.
Do MillerKnoll (MLKN) restricted stock units convert into common stock on a one-for-one basis?
Yes. A footnote states that each restricted stock unit represents a contingent right to receive one share of MillerKnoll common stock. This means every vested restricted stock unit converts into exactly one common share when it settles.
How do MillerKnoll (MLKN) restricted stock units reported by Michael John P vest over time?
The restricted stock units vest in three equal annual installments, according to a footnote. Vesting for each tranche occurs on July 22 of each respective year, after which the vested units convert into MillerKnoll common shares on a one-for-one basis.
What does the MillerKnoll (MLKN) filing say about dividend equivalent units on the RSUs?
A footnote explains that derivative securities beneficially owned after the transactions include dividend equivalent units reinvested in the vesting RSUs. These units satisfy the exemption of Rule 16b-2, which governs certain transactions in issuer equity securities by insiders.